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Agreed. I had almost forgotten about his CBD venture.
Definitely strange. If I worked for Enzolytics, and had an SEC auditor and an IRS tax guy come in to review the books, I'd not want to be anywhere near that building.
Yep, 2 separate birds with no mating potential.
Never have had a basher operation going on at all. HALB has just been proven over and over, for close to 15 years now, to be a complete fraud. Fake videos, home office PR's, shooting their product line(s) all over the place, nothing of real substance.
How long have you been holding onto that bag?
I hope they get ENZC back and get clear of all of these legal case hindrances.
It's business that's too messy to ever run smoothly at this point.
One thing is certain, you don't go out on your last legs in court, if you don't have something that works.
Too bad it's not the old west, where we could just find them in a saloon fight and shoot them for cheating at cards. (Zhabilov & Co.)
The term "Two Investors" sounds pretty loose there. But the $375K plus the $20K and $10K sounds like the $400K plus that Chandra said Charles put in personally to keep the research and lab testing going.
Can't be certain, but it's as good a guess as any. The 2 investors being Charles and Chandra (?) May have been their additional share stake as well, in getting voting control back.
Yes, all speculation.
Adnexus Therapeutics has nothing to do with Adnexus Technologies from my understanding. Am I missing something?
CCC controls and owns the IP's that were previously assigned to BGEN. If they regain control of ENZC, they can use or even reassign those IP's back to ENZC. Only takes signed letters from Chandra and Cotropia. Currently those IP's are assigned to Adnexus and MABS-Tech, the shell companies meant to keep them protected, (and ready to move forward with, if necessary), and if they regain the ENZC shareholders, which is a main component of what they are trying to do, things can get better, fast.
If they do regain control of ENZC, they better quite playing with the devils. Charles has to stay busy on too many attacking legal matters, even if they are just junk complaints and lawsuits. Get one or both of their big pharma suitors signed, and get moving along.
What Brad found, don't have it this minute, was one of the old Sagaliam PR's where it was clearly noted that the SPAC deal was "dedicated to maintaining the listing on NASDAQ and satisfying NASDAQ requirements for both listing and shareholder transactions." I'll see if he can email that over.
Even if it wasn't true, if could be binding in court that this SPAC is completely dissolved by NASDAQ delisting, just like Timing said. SAGA is gone, Harry's probably working on the illusion of it being alive, holding onto the shareholders as long as he can.
GLTY!
CCC controls and owns the IP's that were previously assigned to BGEN. If they regain control of ENZC, they can use or even reassign those IP's back to ENZC. Only takes signed letters from Chandra and Cotropia. Currently those IP's are assigned to Adnexus and MABS-Tech, the shell companies meant to keep them protected, (and ready to move forward with, if necessary), and they regain the ENZC shareholders, which is a main component of what they are trying to do.
If they do regain control of ENZC, they better quite playing with the devils. Charles has to stay busy on too many attacking legal matters, even if they are just junk complaints and lawsuits. Get one or both of their big pharma suitors signed, and get moving along.
What Brad found, don't have it this minute, was one of the old Sagaliam PR's where it was clearly noted that the SPAC deal was "dedicated to maintaining the listing on NASDAQ and satisfying NASDAQ requirements for both listing and shareholder transactions." I'll see if he can email that over.
Even if it wasn't true, if could be binding in court that this SPAC is completely dissolved by NASDAQ delisting, just like Timing said. SAGA is gone, Harry's probably working on the illusion of it being alive, holding onto the shareholders as long as he can.
GLTY!
From what I just read, that is one weird case, even more weird, plaintiffs that can't file anywhere near on-time. WTF?
Hope the client can put him into debtor's prison. But that's just me.
I know it, I read it, you're right.
Not a merger, but a badly crafted acquisition that should have required board approval, preferred shareholder voting approval, lots of things implicating Charles and Chandra in being part of the problem, not just the main portion of a possible solution.
They all had chances to check out Kostiner, and his spotty record, pre-ENZC involvement, and they've known about Harry, at least enough to be suspicious.
I think a few here are still worried that Harry has all sorts of legal options through a dead SPAC deal, and I see him as more of a tool with limited options and getting backed into a corner he'll never come out of again. He owns none of the IP's required to do jack-squat and, will probably bitch around for more shares and power if the CCC bunch gets the shares and voting control back. He'll probably agree to go quietly, just to make some money off his shares, that Charles and Chandra probably cannot ever take away from him. (But they could restructure the share value at a new board meeting, isolating Harry to just a lesser-dork shareholder), but be OUT of the company, as Chandra stated would be a requirement.
In your field, the 'time' of doing it, is crucial and may be a painful illusion. I think they are right though; it could be a more swift run of events once it hits.
GLTA
They actually could fail as an OTC, if the SPAC was designed/written in any way for specific NASDAQ listing and exchange membership. We found a passage saying that was so, but I'm checking to see if that is a legally binding clause in what Brad found. In any case, a SPAC with no money sure can't pull off a merger from what I'm familiar with. A SPAC has to prove the value-funding to merge with anything.
GLTY
It's certainly easier to push the new shells public yes, but they want whatever cash value is left in ENZC, and outright protection for the shareholders. It's also the easier route if indeed, the shares wind up giving them voting control.
GLTA
Thanks for the link, my brother also just pushed over that form over for me to confirm. Good to know, we're all right about BGEN and SAGA.
They never give up Squid, will be drowning in Davey Jones' locker at the ocean's bottom by Thanksgiving.
This one scam operation has gone on for what, 15 years now?
I do wonder, as Valuator said, if Harry will try a legal challenge to keep the merger alive with Sagaliam as an unregistered, delisted entity in the PINKs? If he goes for that legally, and it may not be legal to do, it has to be quashed in a hearing or trial.
Question is, if a SPAC was setup on NASDAQ and it gets smushed down to nothing in the pinks, are further SPAC operations legal?
I'll have to research that one myself.
Timing for the win!
GLTA
SS, it's my understanding, in getting CCC out of ENZC, he's (Harry) already signed off on full release of BGEN, to get rid of the CCC bunch. I believe that's a done deal, it's just not being used because presently, it has no share control, and the IP's were successfully transferred to the two shell companies Charles and Chandra set up. This was done back at the end of March, if what we were told is to be believed.
That's what I was directly told, anyway. AI and tech platform to Adnexus, and the CloneX IP's are all over at MABS-Tech right now, their protective shell companies.
Either or both of those could be taken public.
I was told that legally, with no one operating BGEN, and no assets it can declare, its legally defunct as a company. Harry doesn't need to sell it off or release it, it's less than a shell right now. Even Harry's PR's can't mention it. It's already gone.
If you run the numbers, shares, float, outstanding, cap, and the normal flow of business for any pharma that gets any 2 products successfully to market, even with average-good sales trends, and the reduce the cap to $1 billion or less, a stated goal, you'd eventually see this stock get into the $2-$4 dollar pps range. I can give you several biopharmas that started the same way and size, and are still going well today.
The one I did the best with personally, went from .08c pps, on up to $8.00 pps, volatility moves today ranging it from about $6.45 - $8.19 pps monthly. (I sold off too soon in the $4.00 range about 11 years ago.)
You're right though. Such a strategy in the trips and getting into $1.00 - $2.00 pps in a year or two is possible, and you'd be flush silly. The partner agreements they're continuing to set up now, will get you that surge to $1.00 + pps if they get it done.
GLTY
Still no proof it was a well-engineered scam.
Plenty of proof Zhabilov reverted to that. ITV-1 failed toxicology tests, and he hid it, began bleeding out the company around late Summer of 2023. Proof that the SPAC deal was BS, as we all feared, but it stops there.
Plenty of other evidence they really had something going on. The BGEN side had the goods, VIRO had failed and was dragging everything down. Then came Kostiner with the SAGA nonsense that really fooled no one; we were just stuck with it.
That's where the evidence lies, not in your "It was all a scam forever!" perspective.
At least face the facts you claim to have or get lost.
The issues of shares being transferred to another company, most everyone will tell you NO, and they'd be right. Some of the bashers will yell the same, but that's not always true. In previous PR's, shareholders were to get shares of SAGA, that was to own both subsidiaries, VIRO and BGEN, and shareholders on another PR were to get some form of share representation of BGEN when it was getting cut loose.
The SAGA deal died, and all shares have to be returned to ENZC, with the CCC gang owning what is believed to be voting control of the majority of those returning shares. SAGA legally, was never consummated. The funding did not arrive as promised in detail, principals were removed from ENZC, and more shares were issued without the required vote and paperwork in much of the dilution cases. Add that to a line of lawsuits Kostiner may face, and SAGA is deader than the proverbial doornail.
In such a legal mess, shares for the shareholders, assets, if any remaining, can be restructured or legally moved to a different entity at a judges or mediator's discretion, it's just a ton of paperwork, and it has to follow special guidelines in doing so, even in the OTC:PINK realm. It also has to follow an approved chain of ownership, how the shares are legal ENZC shares, probably with no money behind them anymore, making them more risk than asset, and how a new entity would have a legal claim on them.
I'm no lawyer, but I've personally seen this happen before, not all that uncommon when a larger parent company sets up subs and wants to do a stock share restructuring plan.
Odds are a bit against this in the case of ENZC.
That's why to keep it simple and cut/clean, regaining control legally by the internal share-voting process is the most desired solution. Charles could have other ideas too.
Yes, it could all be a scam, and I've seen a lot of PINK stock scams over 25 years of small-cap investment, visited about 11 locations over that time, discovered 9 of those were complete scams. 2 of those made front page stories on the business section of the Houston Chronicle too.
ENZC would be the first such scam to have had so much established "reality" in company operations if they really are a scam. No scam I've ever seen would have ever had the cash on-hand to maintain the two labs at Texas A&M. That facility is state-of-the-art in resources and options, and one of the very few nationally, that can do anything in terms of both animal and human research. My tour there was wonderful, and I was impressed. I've worked in such labs for a short time log ago, they were super-expensive then to lease for research projects, and those labs and the one office at Texas A&M cost a lot of dimes, if you get the gist here. No scam spends that kind of cash for two years in such a facility. And the staff I spoke to there, from what little they knew, seemed quite confident the research was real and progressing with their ENZC co-habitants.
There's also a pretty legitimate paper trail many have seen at least large chunks of, over the past 10 years or so, indicating this was all real. Managed like crap maybe, but real.
Is it a scam now? Not sure. We will see if Chandra and Charles have learned anything from it. Lesson 1 I hope they got down, is expedience in resolving this should be mission 1, no more cute quips about timing and unknown maneuvers. They need to get success data out and published on their Clone-X products and testing, get some volunteer trials rolling along, since those can be done for a very low cost, if any (if they have some of the usable mABS products to treat with), and clear up any legal issues about resuming full operations. It's been said that Charles put in over $400K of his own money to keep things going early this year, and that's admirable, but he was also part of putting together the ridiculous SAGA-SPAC deal with Kostiner, as far as we know, so where does the responsibility ever end?
The CCC gang certainly does have their own best-interests and other motivations to get things done on all of this and should ask for help. Heck, if they wanted to get some volunteer trial data out, I'd let them infect me with Covid, and then administer the mABS treatments to me in fixing me back up. Publish that, for God's sake. Do something! I'd waive all legal too. I imagine there would be plenty of other volunteers coming forward as well.
Fortune favors the bold,, but it also favors integrity. They need to step up.
GLTA
Not smart, even as a joke. Adnexus is an admitted shell to protect the AI piece as Chandra's own. They're more likely to make MABS-Tech go public for investors if they can't regain control of ENZC. Maybe they'll do both, but it's one piece without the other, and everyone knows it.
I checked it too, thx!
Alright, FACTS, ENZC did submit a limited set of diagnostic facts for each of their AI and Clone-x patent applications. ENZC did provide toxicology report data for passing all of those with flying colors for both Clone-x products. ENZC supplied mABS design and data to Samsung for their hibernating partnership. Texas A&M was also submitted some limited data proving a working model of the ENZC research for getting approval of their two labs there in the Preclinical Research Center, one for animal and one for human research.
FACT, those labs are really expensive to lease too, no scam bothers to rent those for multiple years if they're just a scam. A&M was paid in full too.
FACT, I never debated that the release of published ENZC data wasn't shallow or near-non-existent, and they could still be a scam, but the odds of the CCC group being a scam are still on the low side. In fact, I complained about their lack of research/study data and being too slow to initiate private trials.
FACT, a research company interested in larger partners, won't push out any data that may assist in reverse-engineering and/or soft/covert theft of IP.
FACT, you lack substance, never a whit of evidence of what you say. One MD license retraction, and speculative bashes.
May well be a scam, but you sure don't know it. Silly child. Like you said, no wait, you didn't say it, you're absolute bashing to date, is WRONG.
If there was not any good potential, you'd be long gone. You're saying by omission, your incentive for coming back here twice daily, is that there's no hope for anything or anyone.
And no one left here fell for that dividend nonsense. After it was watered down twice before end of year, there was no doubt left that was just trash-talking.
You wanna' bash, try manning-up and delivering something of substance. Try something new.
Everyone else, GLTY!
One additional point, an agreement could be made, or available, since it was mentioned before about the Subs, that ENZC shareholders may receive equal share representation of BGEN when BGEN went live and autonomous. Charles current strategy, could be to restore BGEN under his ownership and legally move shares there, but that's only, really loose speculation at this point. I think they'll want to recover the shares in any case, and he will have leverage, if he already doesn't have it (We have no idea as to when the SAGA shares get returned to the CCC gang and it could happen immediately with a case filing, or get drawn out),
Either they regain control of ENZC, or they get shareholder requests authorized to move their shares to a new company, which if under the old SPAC agreement, might be doable.
It was said directly, that Harry tried to sell off the BGEN IP's, and that's when CCC left ENZC in late March, and opened up their two shell companies to protect both sets of IP's in April.
Drama, drama, drama, would sure like it all to get down to real business again.
I think your guess as to Harry's SAGA motivation is right on, and very perceptive. To that point, it would take a legal filing by Charles to accelerate the deal's nullification and obligations to restore the shares back to CCC.
Chandra's remark about stomping someone 'when', sounds like that sort of method coming up.
Great post.
Right now, ENZC has nothing to offer. That is the main issue, and why selloffs continue. If the CCC gang somehow regains control, all of that will change but, nothing is super-promising right now. I'm thinking the situation may well improve, but the difficult issue of more communication from the CCC faction would be required to move this from a major gamble, to a more promising accumulation prospect.
And no, Gilead is not having a detrimental effect on ENZC. That's all Harry & Co.
GLTY
As I understood it, Clone3 is the HIV cure, and Chandra said to make it even more effective more quickly, they may combine it with another parallel treatment on the market. Clone3 has targeted conserved sites on the root HIV virus, and can kill that off by itself. The HIV virus, very similar in natural design to the COVID root virus, has Clone7 applied to it in the same way, using the AI/Intel process of mapping the virus and finding the crucial conserved sites to each virus, that the Clone3/7 products have been designed to kill off.
This is why Clone7 should be effective killing off all Covid variants, halting one of the bad guy's attempts and screwing the country over again. I recently read that those folks living on forever with HIV, have proven to not have HIV integrated with their DNA, but more like taking advantage of body areas where HIV virus clusters can re-occur where DNA markers to fight the virus may be underpopulated naturally since birth.
I can't tell you for certain, I'm no virus research expert, I just enjoy learning about the stuff and our investments.
As to our standing with ENZC (?) We have Chandra's enthusiasm and posts, leaning us into a good direction, but with all due respect to the good Dr., its not enough. Now would be the time for him and/or Charles to post an announcement about the future of our investment(s), while they're not a part of ENZC. Hard to do; they can't tip their hand for dealing with Harry and Austin, but they did help Zhabilov, willingly or not, get us to this point, so they owe many a good resolution.
Just a whispered projection of the direction this goes, or a filing indicating a binding direction would help a lot. The CCC gang is in a tight spot on what they can communicate, but Charles was in on the SPAC deal with Kostiner, so responsibly, he owes us a lot. He put in a lot of his own money as well to keep things running, but the number of shares sold and money taken in from those who believed in ENZC was far more significant.
Not telling you anything you don't already know, but I'm waiting now just as you are. If they really have Clone3/7 working as well as Chandra said, something I proposed to him would have been a huge ace in their pockets, but they have not responded to that positively yet. I'll run it by him again.
GLTA!
LOL... have not tried Fidelity before, now I may never.
Yeah SS, I kept on it and found this too, just a few minutes ago, thanks. Very odd, sounds like Harry got some spite put into the last quarterly filing. I also think it was just bad management, not pill-farming. He almost won his appeal to get his license back too, that case went into extended deliberations about the search-n-seizure methods used on his records.
Heck, I'll be impressed if Harry can even get the next Quarterly filing done on time, if at all. He sure won't have any revenue to report, and his share dumping I don't think he wants as part of the record, but in the PINKS, he could hide that for quite some time.
It's funny, one of his clinics was pretty close to where I used to live, and the court in El Paso, where his appeal was finally decided, is a system customer of ours.
Maybe I'll run into one of the CCC gang someday and pin them down for more info. I better not hear another 'NDA' claim against what has already happened again.
As not a current part of ENZC, they may be able to divulge enough to fairly bring the shareholders onboard with whatever their plan is.
Yeah, I need to go recheck my broker orders, total up what I've put in here myself.!
No problem at all, I appreciate your posts. Just trying to keep myself clear in a lovely-maddening OTC: PINKS world.
My other account is over at E-Trade, which is solid, but I wish they had an interface like Think or Swim.
Did Harry disclose it again or did I-Glow just paste it out there in his usual anger? I was just late to the show on that tidbit.
You may be right, but their current claims were that their IP's may have been assigned to BGEN as a published Sagaliam strategy, but the CCC gang reports ownership remained under those same CCC individuals, not BGEN... AND, that Harry signed off on them leaving with all of those. Harry seems to admit to this.
I'm feeling the IP issue is a done deal, as part of the internal settlement they refer to, that no one has seen the paperwork on, where Harry and the CCC bunch split in finality. (Or so we're led to believe.)
But Harry is sitting with no revenue, and empty promises of SAGA investment to start up a new business. That's bunk. What may cut the legal mess away, is his own starving stomach, and that's pretty big. What seems available on paper, is that the voting majority of shares may come back to the CCC faction, as SAGA shares have to be returned en-total.
GLTA
There are volunteer trials that are readied and planned out, with a new region of volunteers in South America. One reason I think folks have noticed the Argentinian broker connection when checking on the listings of MM's looking it over. I think those are on-hold until the dust clears on whatever CCC tries to do regarding ENZC.
I'm not keeping that quiet anymore. I was unaware of the license thing with Joe C, and it is possible that Charles was either working, or too naive to not deal with Kostiner much earlier in that proposed process. Right now, some proof that Clone3 and Clone7 are really working, would settle all of the rumors and concerns folks would have in staying onboard with CCC.
I was also amongst the minds thinking the SAGA deal was 100% crap on the details, but gave Kostiner the benefit of a doubt. It was early November of last year, when I went back to wanting the deal to blow up, because I could see SAGA was not pulling in anything for funding. I was not counting on the dividend; they had been ridiculously watering that down since July of last year. I never believed in the dividend.
Chandra changed my mind with direct communications. His story is not full of holes, but its absent any responsible solid proof.
I-Glow pushed the license issue back to the forefront, and as I said, Joe Cotropia's resume is equally as impressive as losing this license was bad. I'm just tired of the shadows Stillmore, want some sunlight on this thing fast. My investigative reporting instincts are taking over again, and while I don't think its all bad here, there's a lot of chips in the paint job, if you know what I mean.
Chandra resold me in early May, and I better not have been duped.
GLTY
It seems, from my research, that Dr. Joseph P. Cotropia, (There were 3 different Dr. Joseph Cotropia's practicing medicine in Texas during that same time period, (2014-2019). Joe P, Joe J, and Joe-nmn-Cotropia.) and it was indeed Dr. Joseph P. Cotropia who's licensed was revoked for alleged mismanagement of two pain management clinics in or near the Houston, Texas area.
The only time I-Glow has ever posted something even remotely connected to a fact, seems solid. I sure don't like it, but facts are facts. Wish I had known this sooner, I'd have asked Chandra directly about the business relation when I had him in contact. It took a lot of searches, but Cotropia v. Texas Medical Board says it was indeed Joseph P.
All of Joe P's resumes, and professional histories online, have been scrubbed. His timeline reads like a masterwork of top positions in both the state, the USA and abroad too. Like he'd never have time to even step foot in a pain management clinic, much less have 2 of them. They seem to leave out his 2012-2015 pain clinic official position.
Unless there were two Joseph P. Cotropia's in Texas during the same time frame. With a story as weird as Enzolytics, who knows.
However, Dr. Joseph P Cotropia's record is also very impressive as to his research credentials and experience with mABS projects and even specialized, molecular cancer research positions.
Just by his professional record alone, I'd hire the guy to be part of my biopharma team, but what I-Glow says there about his losing his license seems legit.
However, I am alarmed he's part of what may be ENZC to come. Suddenly to me, I-Glow's last email you replied to has me worried on the other side of things again.
I feel I'll have to call Chandra directly this time, ask him to provide some creds that Clone3 and Clone7 are really working as well as he claims. I hate the back and forth on what's best to believe here. I also found it interesting, that during both his license loss in court and his appeal based upon the initial investigator's search parameters, his brother Charles did not represent him at either trial or hearings. He had a different lawyer. Since this event, he's been with Bioclinetics and ENZC with no pause in his work resume.
Can't get our money out at this low a pps, so I'll wait and see.
GLTY
Fingers crossed too.
I think it could be faster and more decisive early on. They've got dirt on Harry, exposure to leverage, and Harry's going broke, or has already. It's in his best interest to just turn it over to CCC. Defrauding investors with PR's mentioning upcoming Sagaliam investments is enough fraudulent activity to get him in court all by its lonesome.
Don't be afraid of the legal, some legal is cut and dry, and a fast settlement is signed. Harry wants money off the thing, and I think he's going to be shown one way to get it. No one else has any claim, including Harry, to what Charles and Chandra have independently owned now.
GLTA
Yes, I just checked on that too. Maybe need to close that account out. It's one of two investor accounts I have ENZC shares in. The other being ETrade. I don't like getting cut off from my money or shares for even minutes at a time.